Spanish Exporters of Automotive Parts and Accessories - Sector data

According to the official data presented by SERNAUTO, the Spanish Association of Automotive Equipment and Component Manufacturers, the sector can confirm a continued growth trend in 2015.

Turnover increased in 2015 by almost 8% over the previous year, exceeding 32,000 million euros. Improvements in the economic situation in Europe, greater access to credit and falling oil and raw material prices are some of the factors that have led to this increase.

Regarding employment, the manufacturers of equipment and components in Spain generated around 8,000 new jobs, reaching nearly 205,000 direct jobs. This represents an increase of 4% more than in 2014. The sector accounts for over 10% of industrial employment in five regions. If direct and indirect employment are taken into account, the figure rises to 330,000 people.

Another relevant piece of data from 2015 is that investment in R&D&I added up to 1.2 billion euros, which is over 30% more than in 2014. One of the key factors to maintaining technological ability and differentiation in the component industry is R&D&I. In the end this boils down to keeping competitive on a global scale, which is why this sector invests so heavily in this area.

Furthermore, in 2015 companies in the sector invested over 1.8 billion euros in Spain to increase and improve their productivity.

On the other hand, the components sector exports more than almost any other. Specifically, in the year 2015 exports totalled 18.9 billion euros; 7.5% more than in 2014. This figure represents 59% of sector revenue and more than 80% if the components installed in exported vehicles are taken into account.

In the domestic market turnover totals 13.1 billion euros, 8.5 billion of which come from the OEMs supply and 4.6 billion from the automotive aftermarket. Both figures have grown by around 8% compared to 2014.